Fusion Finance Limited held its 32nd Annual General Meeting (AGM) on Wednesday, July 22, 2026, at 11:00 A.M. IST through Video Conferencing/Other Audio-Visual Means. The meeting was deemed to be held at the company's Registered Office at H-1, C Block, Community Centre, Naraina Vihar, New Delhi-110028. The meeting concluded at 11:16 A.M. IST, with voting lines remaining open for an additional 15 minutes post-closure.

Resolutions Passed

Shareholders passed the following two ordinary resolutions with requisite majority:

1. Considered and adopted the audited standalone financial statements of the company for the financial year ended March 31, 2026, and the reports of the Board of Directors and Auditors thereon.

2. Considered and approved the re-appointment of Mr. Sanjay Garyali (DIN: 11046442), who retired by rotation, as a Director.

Key Managerial Personnel and Attendees

Directors and Key Managerial Personnel present included:

  • Mr. Sanjay Garyali, Managing Director & Chief Executive Officer
  • Ms. Namrata Kaul, Independent Director (Chairperson of Audit Committee and Stakeholders Relationship Committee)
  • Mr. Rajeev Sardana, Independent Director (Chairperson of Nomination & Remuneration Committee and Customer Service Committee)
  • Mr. Puneet Gupta, Independent Director (Chairperson of CSR & ESG Committee and IT Strategy Committee)
  • Ms. Remika Agarwal, Non-Executive Director
  • Mr. Krishan Gopal, Chief Financial Officer
  • Mr. Vikrant Sadana, Company Secretary & Compliance Officer
  • Other senior management including Chief Operating Officers, Chief Credit Officer, Chief Compliance Officer, Chief Human Resource Officer, Chief Information Officer, Chief Strategy Officer, Chief Risk Officer, and Chief Internal Auditor.

Invitees included representatives from the statutory auditor (M/s B.K. Khare, Chartered Accountants), secretarial auditor (M/s. Navneet K Arora & Co LLP), and the scrutinizer (M/s. Harish Popli & Associates).

A total of 76 members were present, constituting a valid quorum. Mr. Sanjay Garyali chaired the meeting, except for Agenda Item No. 2 (his re-appointment), where Ms. Namrata Kaul presided.

Financial and Operational Highlights from Management Address

Mr. Sanjay Garyali, MD & CEO, addressed the AGM, highlighting the company's performance for FY 2025-26:

  • Financial Year 2025-26 marked a successful turnaround and return to profitability.
  • Total disbursements: ₹5,983 crore.
  • Total Income: ₹1,733 crore.
  • Profit After Tax: ₹14 crore (compared to a loss in the previous year).
  • Assets Under Management (AUM): ₹7,407 crore.
  • A successful ₹800 crore Rights Issue strengthened the capital position.
  • Net Worth increased to ₹2,456 crore.
  • Capital Adequacy Ratio stood at 36.46%.
  • Asset quality improved substantially: Gross NPA declined to 3.21%, Net NPA to 0.5%.
  • Q4 Collection Efficiency reached 99.66%.
  • The company mobilized nearly ₹6,000 crore during the year with support from lending partners.
  • Credit rating agencies CARE and ICRA showed improved outlooks.

Future Outlook and Strategy

Management provided the following forward-looking commentary:

  • Objective to reach nearly ₹10,000 crore in AUM.
  • Target delivery of 20-25% CAGR growth.
  • Aim to maintain credit costs below 2.5%.
  • Core principle: "quality before growth."
  • Continued investments in technology, including upgrades to Loan Origination System (LOS), Loan Management System (LMS), and deployment of Artificial Intelligence and Machine Learning tools for customer engagement, collections, fraud detection, and risk monitoring.

Director Re-appointment Details (Annexure A)

  • Mr. Sanjay Garyali was re-appointed as a Director liable to retire by rotation, effective July 22, 2026.
  • His current position as Managing Director & CEO remains unchanged.
  • Brief Profile: Holds a BE from BV College of Engineering, Pune, and an MBA from Panjab University. Has over 29 years of experience in the finance industry, with expertise in retail financial markets, including previous roles at L&T Finance and Kotak Mahindra Bank.
  • He is not related to any other directors on the board.
  • He is not debarred from holding the office of director by virtue of any SEBI or other authority order.

Voting and Results

  • Remote e-voting was available from July 19, 2026 (9:00 A.M. IST) to July 21, 2026 (5:00 P.M. IST).
  • E-voting was also available at the AGM for members who had not voted remotely, open until 15 minutes after the meeting concluded.
  • Mr. Harish Kumar of M/s Harish Popli & Associates was appointed as the Scrutinizer.
  • The voting results and Scrutinizer's Report will be made available on the company's website (www.fusionfin.com), the RTA's website (MUFG Intime India Private Limited at https://instavote.linkintime.co.in), and submitted to the stock exchanges (NSE and BSE).

Additional Information

The complete AGM proceedings are available on the company's website. The disclosure is made pursuant to SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2026/3762 dated January 30, 2026.